The 65-Day Rule: Post Year-End Tax Planning for Estates and Certain Trusts
What is the 65-Day Rule. The 65-Day Rule allows fiduciaries to make distributions within the first 65 days of the new tax year. This year, that date is March 6, 2023. Up until this date, fiduciaries can elect to treat distributions as though they were made on the last day of 2022.
The way the stock is behaving, I suspect we see an 8-K!
Looks like COOP may dip back into the $46 range in the morning. After hours Friday appears to be the set up!
About 27 hr's left to see if the 65 Day Rule is applicable to Beneficial owners of P's, K's, and Commons. Sigh!
Bullish